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CAPITAL ALLOWANCE

This topic has 2 replies, 3 voices, and was last updated 3 years ago by Tax Tutor.

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June 3, 2021 at 8:28 am #622900
Yovin
Participant
- Topics: 25
- Replies: 1
Hi Sir,
is both second hand and new motor car (< 50g/km) are eligible for 100% FYA?
June 3, 2021 at 10:23 am #622919
Nellikalayil
Member
- Topics: 6
- Replies: 6
No. Only new motor car. Second hand motor cars will go either to main pool or special pool depending on their CO2 emission.
June 4, 2021 at 12:35 pm #623101
Tax Tutor
Member
- Topics: 2
- Replies: 3965
As your fellow student has noted above and as it it says in the Study Notes – FYA is only available on NEW low emission cars.
If a second hand low emission car is purchased it will only be eligible for WDA within the main pool as clearly it will not be high emissions
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